Treasury Operations Intern
Who We Are
Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.
TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.
Description:
As a Treasury Operations Intern, you will gain hands-on experience with daily operations and processes, with significant exposure to trade functions and settlements. This role offers the opportunity to develop operational excellence while taking ownership and exercising autonomy over projects. You will work closely with the Treasury Operations team, collaborating and communicating to ensure the seamless continuity of our operations as a leading financial institution. The ideal candidate will have technical and quantitative skills, coupled with an intellectual curiosity about financial markets and trade functions.
Responsibilities:
Clearing:
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- T+0 trade validation with counterparty, executing platform, exchange, CCP
- Communicate breaks with our traders and other staff
- Escalate ‘high risk’ breaks to management and other team members
- Maintain back-office software and reference data
Settlements:
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- Settlement exception management
- Work with prime brokers, FCMs, custody banks, and counterparties to resolve all trade breaks
- Communicate with appropriate internal parties of issues and their resolution
- Facilitate money movements, external and internal wire transfers, and handling payables and receivables related to our operation
- Participate in cash management estimates and actual cash flows analysis and reporting
- Perform end-of-day reconciliations
- Participate in system enhancing, planning, and testing
General:
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- Participate in periodic audits
- Monthly TMPG fails claim processing
- Collaborate with other departments to improve and optimize processes
Requirements:
- Exceptionally strong attention to detail
- Highly organized and motivated individual with excellent problem-solving abilities
- Takes great satisfaction in completing tasks
- Strong verbal and written communication skills
- Can adapt well to changing processes and initiatives
- Proficient in Microsoft Office (Excel)
- Accounting background is a plus
- SQL, Python & VBA skills are a plus
- This is an on-site position and will require physical presence at our Chicago office
Benefits
We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.
TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.